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RE:Insurance 


Subject: RE: Insurance 

From: Robert Buente </0=EXCHANGELABS/OU=EXCHANGE ADMINISTRATIVE 

GROUP (FYDIBOHF23SPDLT)/CN = RECIPIENTS 

/CN=C7B 1814176124B59B21D8FDA30E507D8-BBUENTE> 

Date: 04/24/2018 12:58 PM 

To: Ellen Riotto <ellen@southpark.la> 


Ellen : 


I can't find their rating. I'd call or email the broker and ask him/her. 

Robert Buente 
President/CEO 

1010 Development Corporation 
1001 South Hope Street 
Los Angeles, CA 90015 

213-749-0214 x202 


bbuente@1010dev.org 


From: Ellen Riotto <ellen(asouthpark.la> 

Sent: Tuesday, April 24, 2018 12:35 PM 
To: Robert Buente <bbuente@1010dev.org> 

Subject: Re: Insurance 


This is what I found 


http://ratings.ambest.com/PrintProfile.aspx?ambnum=2468&URatingId=1813471&bl=64&AltSrc=l& 

PPP=&AltNum=0&Ext User=&Ext Misc=&Portal=Q&Site= 


I *think* this looks OK, but would appreciate your input. 


From: Robert Buente < bbuente@1010dev.org <mailto:bbuente@1010dev.org> > 
Date: Tuesday, April 24, 2018 at 12:18 PM 


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RE:Insurance 


To: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> > 
Subject: RE: Insurance 


Did you check on Wesco's ratings? 


Robert Buente 
President/CEO 

1010 Development Corporation 
1001 South Hope Street 
Los Angeles, CA 90015 


213-749-0214 x202 


bbuente@lQ10dev.org <mailto:bbuente@lO10dev,org> 


From: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> > 

Sent: Tuesday, April 24, 2018 12:03 PM 

To: Robert Buente < bbuente@1010dev.org <mailto:bbuente@1010dev.org> >; Channing Henry 
< channing.henry@gmail.com <mailto:channing.henry@gmail.com> > 

Cc: Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >; Daniel Taban 
< daniel@jadeent.com <mailto:daniel@jadeent.com> > 

Subject: Re: Insurance 


Thanks for jumping on this so quickly. I'm going to move forward with HUB. 


Also, I'm extending an offer today for Katie's replacement. The salary range I gave to the 
recruitment agency was $60-$65, based on experience. I interviewed four highly qualified 
candidates. The woman I'd like to bring on stood out for being sharp, dynamic, proficient, 
personable, and detail-oriented. I have no doubt that she will master the role in a couple 
months, and her curiosity and drive will allow her to grow into other areas of the BID 
operations. Her resume is attached if you're interested. I will let you know how this 
progresses. 


From: Robert Buente < bbuente@lQ10dev,org <mailto:bbuente@lO10dev.orq> > 


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RE:Insurance 


Date: Tuesday, April 24, 2018 at 11:54 AM 

To: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> >, Channing Henry 
c channinq.henry@qmail.com <mailto:channing.henry@qmail.com> > 

Cc: Robin Bieker < robin@biekerco. com <mailto: robingbiekerco. com> >, Daniel Taban 
< daniel@jadeent.com <mailto:danielgjadeent.com> > 

Subject: RE: Insurance 


Channing...I thought the same thing. That said Arroyo has always been one of the more 
spendy brokers for non profit insurance. HUB is pricing us as a non profit while it 
appears Arroyo has been pricing us as a service contractor that happens to be a non 
profit. I'm not sure that gives us "better" coverage but it certainly saves us a lot of 
money 


Robert Buente 
President/CEO 

1010 Development Corporation 
1001 South Hope Street 
Los Angeles, CA 90015 


213-749-0214 x202 


bbuente@lQ10dev.orq cmailto:bbuente@1010dev,orq> 


From: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> > 

Sent: Tuesday, April 24, 2018 11:30 AM 

To: Channing Henry < channinq.henry@qmail.com <mailto:channing.henry@qmail.com> > 

Cc: Robert Buente < bbuente@lO10dev.orq <mailto:bbuente@101Odev,orq> >; Robin Bieker 
< robin@biekerco.com <mailto:robin@biekerco.com> >; Daniel Taban < daniel@jadeent.com 
<mailto:danielgj adeent.com> > 

Subject: Re: Insurance 


Yes. The limits are either the same or higher. I'm baffled that we've been paying so much 
for so long. 

Ellen Riotto 

Executive Director 

South Park BID 

1100 S Flower St, #3400, Los Angeles, CA 90015 <x-apple-data-detectors://0/l> 
o. 213-663-1112 <tel:213-663-1112> 


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RE:Insurance 


24/7 <x-apple-data-detectors ://l> : 866-560-9346 <tel:866-560-9346> 

Sent from my iPhone 

On Apr 24, 2018, at 11:28 AM, Channing Henry c channinq.henry@qmail.com 
<mailto:channinq.henry@qmail.com> > wrote: 

It's an alarmingly big difference. Do you feel comfortable with the level of 
coverage with HUB relative to Arroyo given that? 


Channing Elise Henry 

Alma Development and Advisory 

channinq@almadevelopment.com <mailto:channinq@almadevelopment.com> 
917-270-3140 


On Apr 24, 2018, at 10:50 AM, Robert Buente < bbuente@1010dev,orq 
<mailto:bbuente@1010dev.orq> > wrote: 


I just revisited HUB'S site and they have many many business lines they 
insure...not just entertainment 


Robert Buente 
President/CEO 

1010 Development Corporation 
1001 South Hope Street 
Los Angeles, CA 90015 


213-749-0214 x202 


bbuente@1010dev.org cmailto:bbuente@1010dev,orq> 


From: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> > 
Sent: Tuesday, April 24, 2018 10:30 AM 


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RE:Insurance 


To: Robert Buente < bbuente@lQ10dev.orq <mailto:bbuente@1010dev.orq> >; 
Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >; Daniel Taban 
< daniel@jadeent.com <mailto:danielgjadeent.com> >; Channing Henry 
< channinq@almadevelopment.com <mailto:channinq@almadevelopment.com> > 

Subject: Insurance 


All, 


FYI I'm recommending that we switch insurance brokers. We've been using 
Arroyo Insurance Services, but I requested a quote from another broker (HUB) and here's 
the premium breakdown: 


Coverage 

Arroyo 

HUB 

General Liability 
$22,406.78 
$3,698.00 
Excess Liability 
$15,164.21 
$8,500.00 

Commercial Property 
$1,930.00 
$1,225.00 
Workers 1 Comp 
$8,303.00 
$2,253.00 
Cyber Liability 
NA 

$95.00 

Dir. & Officers 
$1,995.00 
$1,995.00 


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RE:Insurance 


$49,798.99 

$17,766.00 


limits. 


Detailed proposals are attached. You'll see in most cases, HUB has higher 


Unless I hear concerns from you, I'm going to move forward with HUB. I'd 
like to let them know by EOD today if possible. 


Thanks, 


Ellen 


Ellen Riotto 
Executive Director 
<image001.png> 

South Park Business Improvement District 

1100 S Flower St, Suite #3400, Los Angeles, CA 90015 

ellen(asouthpark.la <mailto:ellen0southpark.la> | o. 213 663 1112 

southpark.la <http://www.southpark.la/> | Facebook <http://fb.com 
/SouthParkLosAngeles> | Twitter <https://twitter.com/southparkla> | Instagram 
<https://www.instag ram.com/southparkla/> 

24/7 DISPATCH: 866-560-9346 


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